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Wednesday, September 30, 2020

Camber Energy Inc. (AMEX:CEI) Stock is Soaring, Here is Why

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The Camber Energy Inc. (CEI) shares are trading at higher $1.05.

To add more color to this target, the company’s high over the last year is $323.00 and the low is $0.50. Over the last 52 weeks, CEI is down -99.67% while the S&P 500 is up 1.02%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, CEI reported a profit of $-2.04 million. Camber Energy Inc. also saw revenues decrease to $-6.2 million. In addition, CEI has free cash flow of -$3.59 million as of 03-2020. The company’s EBITDA came in at -$2.03 million which compares well with its peers.

CEI Return on Equity (ROE) is -293.20%, and its Return on Assets is -87.30%. All told, it is clear that, CEI needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CEI has a short ratio of 0.43 and outstanding shares of 13.16M.

Company Outlook

CEI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.24 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -4.49. Camber Energy Inc. CEI also noted assets of $9.7 million at the end of the last quarter. Investors should also keep an eye on sector updates as CEI has historically followed its peers on positive news.

All told, Camber Energy Inc. CEI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CEI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Camber Energy Inc. CEI is now commanding a market cap of 13.30M and a float of 12.46M. CEI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CEI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in CEI, either long or short, and we have not been compensated for this article.

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